ChainThink News, December 11: Adam, a researcher at Greeks.Live, posted on social media stating that the recently concluded Federal Reserve meeting unsurprisingly cut interest rates by 25 basis points. The Fed announced it would resume purchasing $40 billion in short-term U.S. Treasury bills (T-bills), with a dovish stance effectively supplementing liquidity within the financial system—undoubtedly a clear bullish signal for the market.

However, it is premature to restart the bull run by reactivating quantitative easing (QE). With Christmas and year-end settlement approaching, this period historically represents the weakest liquidity phase in the crypto market, characterized by low trading activity and limited momentum for a renewed bull market.

From cryptocurrency options data, over 50% of option positions are concentrated at expiry by the end of December. BTC's key resistance level lies at the psychological threshold of $100,000, while ETH faces its primary obstacle at $3,200. Implied volatility (IV) across all major expiries has shown a declining trend this month, indicating decreasing market expectations for volatility in the coming period.

Overall, the crypto market currently exhibits weakness, with poor year-end liquidity and subdued market sentiment. The dominant view in the options market suggests a gradual downtrend; however, vigilance is warranted for potential sudden bullish catalysts triggering a reversal.